Utah Housing (https://utahhousingcorp.org/) has some great programs for down payment assistance, and you don’t have to be a first time homebuyer! 🤩
This is particularly helpful in a hot seller’s market like this for multiple reasons:
1) if you don’t have enough cash for down payment and closing, you could get enough to cover those expenses, which means you don’t need to ask the seller for help with closing costs!
2) if you do have enough for down payment and closing, you can save that cash and offer it to the seller as a guaranteed amount above appraisal value!
The vast majority of offers being accepted right now are asking for no assistance from the seller and guaranteeing cash over appraisal, so here’s a way for you to be competitive! 🙏
It’s always best to check with your lender to see if you qualify and your Realtor to make sure your offer is strong, but not putting you at risk of losing thousands. 😖
If you don’t have a lender yet, I have some great ones I can send your way!